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Cocktail Bar and Restaurant for Sale in the Eastern Suburbs

$385,000 + SAV

Coogee, New South Wales

Cocktail Bar and Restaurant for Sale in the Eastern Suburbs

Average Weekly Turnover $27,500.
Average Weekly Profit $8,981.
Under semi management.
Prime position in one of the eastern suburb's busiest entertainment districts.
Long Lease 5 + 5 years.
Cheap Rent at under 7.5% of Turnover.
A local institution and destination venue.
Up market food, cocktails and 5-star service.
Surrounded by retail and entertainment businesses.
Indoor and outdoor seating for 70+ Guests.
Great atmosphere that is supported by a trendy, unique fit out.
Long term loyal clientele base.
Fit out cost more than $250,000.
The venue is often booked out well in advance.
Significantly increase turnover by trading breakfast.
All equipment is unencumbered.
Long term solid staff roster.
Thousands of daily foot traffic passing right at the front door.
Significant development in the area increase customer base.
Secure the business now right in time for a busy summer trade.

Ref# 1115
Clifford Forster

For more information request a Business Profile at:
www.universalbusinessbrokers.com.au/1115

PLEASE NOTE:

THE PURCHASER IS TO DO THERE OWN INVESTIGATION INTO TO THE BUSINESS AND NOT RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR ANYONE ON THEIR BEHALF.

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Last updated: 22nd November 2018

Summary

Property Type
Business
Contract Type
For Sale
Location
 Coogee
State
 New South Wales
Price
$385,000 + SAV
Category
  • Bars/Nightclubs
  • Cafe/Coffee Shop
  • Restaurant

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Contact

Clifford Forster